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#1
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Also you cannot practice law without a degree...But free expert legal advice without even paying a retainer? How can you go wrong???
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#2
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No, I am not a lawyer, I just like to play one on the computer. [img]/ubbthreads/images/icons/smile.gif[/img] Seriously, my 21 years in the auto business does give me some experience in these matters. I only wish the best for you and your son.
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69 RS/SS350 Azure Turquoise Muncie 4spd |
#3
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I am in the auto business as well and a minor CAN buy and have a car titled in their name as long as they are at least 16 years old. I can see why you would think you can't because at a dealer for some reason you can't unless they are 18.
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Frank Magallon |
#4
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If you are old enough to have an unrestricted license you can own a car but you still cannot make a binding contract until you are 18, that is why dealers won't sell to minors.
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69 RS/SS350 Azure Turquoise Muncie 4spd |
#5
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If the dealer/party enters into a contract prior to the minors age of majority the minor can rescind the contract for the full purchase price up to the last day he is a minor.
This is still a very expensive mistake some dealers make today. |
#6
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Stefano, why you did'nt become a dealer is beyond me! [img]/ubbthreads/images/icons/grin.gif[/img] The world has suffered a huge injustice!
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Frank Magallon |
#7
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Frank,
I did spend quite a bit of time in the retail end of the business, prior to statring my consulting business. I still work off the family dealer licence and sell, appraise and authenticate special interest vehicles, mostly driver quality muscle cars lately. I prefer the Consulting end as a main line however. |
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